Registration: 144A/Reg S; Comments: 07/31/2020 doValue SpA (DOV IM, DOBIM) EUR265m 144A/Reg S sr sec notes due 08/04/25 (5y). NC2 (08/01/22) (MWC B+50), then at 102.50, 101.25, 100. Equity claw: 3y 40% at 105.00. NR/BB/BB (--/stable/stable). Via Barc/CS (B&D)/Mediobanco/Unicredit joint glocos/books, Banca Akros, CA, Eurobank, IMI, Natixis as co-managers. No reg rights. List Lux. NY law. Settles 08/04 (T+2). Reg S ISIN: XS2212255656. Px talk: 5.25% area yield (5.00% coupon + OID). Priced: 5.00% at 98.913, yield 5.25%. +597bp vs DBR 0.00% 10/10/25.
Did investor call 12:30pm UKT 07/27 and 1-on-1 meetings 07/27-29. Books closed 10am UKT tomorrow. UOP: repay the EUR265m bridge loan drawn to fund the acquisition of an 80% stake in Eurobank FPS Loans and Credit Claims Management Co for EUR211m, which closed 06/20/20. Biz: leading independent loan and real estate servicing platform in Southern Europe (Italy, Spain, Greece). HQ: Verona, Italy. (Acquisition announced 12/19/19).;